Limestone Bancorp Inc (NASDAQ:LMST) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 600 shares, a drop of 57.1% from the June 15th total of 1,400 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 13,300 shares, the days-to-cover ratio is currently 0.0 days.
LMST has been the subject of a number of research reports. Zacks Investment Research upgraded Limestone Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, June 23rd. ValuEngine cut Limestone Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, Raymond James cut Limestone Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, April 20th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mendon Capital Advisors Corp lifted its position in shares of Limestone Bancorp by 30.9% in the first quarter. Mendon Capital Advisors Corp now owns 35,117 shares of the company’s stock valued at $392,000 after buying an additional 8,284 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Limestone Bancorp by 7.5% in the first quarter. Alliancebernstein L.P. now owns 251,239 shares of the company’s stock valued at $2,799,000 after buying an additional 17,500 shares during the last quarter. Banc Funds Co. LLC lifted its position in shares of Limestone Bancorp by 8.9% in the fourth quarter. Banc Funds Co. LLC now owns 344,846 shares of the company’s stock valued at $6,207,000 after buying an additional 28,044 shares during the last quarter. Patriot Financial Partners GP LP lifted its position in shares of Limestone Bancorp by 11.5% in the first quarter. Patriot Financial Partners GP LP now owns 291,494 shares of the company’s stock valued at $3,247,000 after buying an additional 30,000 shares during the last quarter. Finally, Fourthstone LLC lifted its position in shares of Limestone Bancorp by 58.7% in the first quarter. Fourthstone LLC now owns 216,203 shares of the company’s stock valued at $2,452,000 after buying an additional 79,943 shares during the last quarter. 35.29% of the stock is owned by institutional investors.
NASDAQ LMST traded down $0.21 during trading hours on Friday, hitting $12.87. 3,205 shares of the company traded hands, compared to its average volume of 57,075. The business’s 50-day moving average is $12.20 and its 200-day moving average is $14.00. Limestone Bancorp has a twelve month low of $6.83 and a twelve month high of $18.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $80.69 million, a price-to-earnings ratio of 9.98 and a beta of 0.97.
Limestone Bancorp (NASDAQ:LMST) last issued its quarterly earnings results on Thursday, April 16th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). Limestone Bancorp had a net margin of 16.69% and a return on equity of 9.72%. The company had revenue of $11.49 million for the quarter, compared to analyst estimates of $10.95 million. Analysts predict that Limestone Bancorp will post 0.61 EPS for the current year.
Limestone Bancorp Company Profile
Limestone Bancorp, Inc operates as the bank holding company for Limestone Bank, Inc that provides a range of commercial and personal banking products and services. The company offers deposit products, including checking, savings, and term certificate accounts, as well as money market accounts and fixed rate certificates.
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